Page 239 - Are You Future Ready?

Chapter Four - Right People

Once an applicant meets the required qualifications, the

remuneration is very attractive: the selected experts can
receive research grants from RMB 3 million to 5 million
(about HK$3.69 million to HK$6.15 million). They can
enjoy preferential treatment for living, such as household

registration, medical care, housing, children's schooling,
taxation, etc. In 2017, 900,000 foreigners from 73
countries worked in the Mainland, compared with less
than 10,000 in the 1980s, a big jump of 90 times within 30

years. According to the 2018 Global Talent Mobility and
Wealth Management Report released by Forbes, China will 237
become a major “exchange hub” of global talent by 2022
– the country will not be just “the largest export country

of students studying abroad, but also a major destination
for global talent”. This shows the effectiveness of its talent
plan even from its early years.

Shenzhen attracted over 100K talents

At the same time, various talent recruitment programmes
have been introduced by different regions in China.
Shenzhen's achievement is the most obvious. Its Peacock